Tether Is Collaborating with U.S. Law Enforcement Agencies
Tether (USDT) just revealed that they're working closely with the government in order to prevent illegal activities. Two official documents, dated November 16 and December 15, 2023, were sent to U.S. Senator Cynthia Lummis and U.S. Representative French Hill. Since these letters were revealed to the public, now we can learn all the details about the steps Tether is taking to fight money laundering (AML) and terrorism financing.
The company is publicly emphasizing its active collaboration with law enforcement agencies, both domestically in the United States and internationally. Specific references are made to the Department of Justice, the Secret Service, and the FBI in the letters. The company explicitly states its commitment to compliance with regulations, including adherence to the sanctions imposed by the U.S. Office of Foreign Assets Control.
The company is excited about setting new industry standards for crypto assets, emphasizing their commitment to security, regulatory compliance, and supporting law enforcement. Starting December 1, 2023, Tether started to freeze wallets tied to the SDN list, calling it a groundbreaking move to up the safety and regulatory compliance in the cryptocurrency ecosystem.
Tether also points out how they're lending a helping hand to agencies like the Justice Department, USSS, and FBI, not just in battling illegal financial activities, but also in recovering assets for the victims. In November, Tether freezed around 225 million USDT linked to an international criminal syndicate.
